Richard Berner to leave Treasury research office at end of year


Richard Berner will step down from his position as director of the Office of Financial Research at the Treasury Department at the end of this year, Treasury said Monday. Berner was confirmed by the Senate for the position in January 2013. In a statement, Treasury Secretary Steven Mnuchin said Berner was “instrumental” in the launch of the office, which was designed to serve the Financial Stability Oversight Council.